video - Look at these CNBC media whores babble like the overpaid, fraud enabling monkeys they are, as their heads explode over the prospect that someone, somewhere, might not trust keeping their gold reserves in insanely corrupt lower Manhatten, N.Y.C... (h/t mk)
Hey, you ignoramus CNBC goons.... if the money base in 2009 was $800 billion - eight hundred billion dollars in savings and circulation - and if by 2013 that money base is in the $2,000 billion
(two thousand billion dollars, $2 trillion, or 2.5 times as much) range; that means that any money you had put in a bank account in 2009 or before, is today worth over two times LESS than it was when you put it in the bank...
...all while you CNBC monkeys have been sitting there collecting your "hirelings" CNBC paychecks, for NOT informing Americans about this simple, critical fact of financial life.
And where do we here at TJW get those statistics on "the money base"?
Why, from the so-called 'Federal' Reserve's own, privately owned, government enforced, Fiat Money printing monopoly banking cartel's website! -
St. Louis Fed Adjusted MONETARY BASE -
Of course, to get this (reasonably) accurate picture of what 'the Fed' is doing to the real American economy...
(whose main financial arm is located in New York, and whose main propaganda arm is located in Washington D.C.)
you need to get away from New York, you need to go to the St. Louis Fed, because NEW YORK is the home of Wall St. PARASITE FINANCE and LEMMING media whore "FINANCIAL EXPERTS," the vast majority of whom were pimping, primping, boosting, whitewashing, and hard-selling "deregulation," derivatives, fraudulent ratings agencies, "Collaterilized Debt Securities" & "Mortgage Backed Securities" loan-sharking based "subprime" loans, stocks, & other fraudulent securities, and especially vastly over-inflated real estate prices, right up to the moment of the Market Crash of September, 2008....
bonus: For all our little piggy N.Y., CNBC "financial experts" friends out there, here's a little story
...why, then BANKING FRAUD & MARKET CRIMES ENABLER (if not overseer!) and NY Fed branch President little economic hatchet-man Timmy Giethner,
(Bob Rubin's career toady protege in "ENGINEERED FINANCIAL ATTACKS")
quietly PRINTED OUT OF THIN AIR, and then dished out TWO THIRDS of a TRILLION DOLLAR$$ to his pals/bosses at the Big NY member/owner banks of the so-called 'Federal' Reserve cabal - in one week, alone!
Fed Pumps Further $630 Billion Into Financial System
By Scott Lanman and Craig Torres, BLOOMBERG 'news', September 29, 2008 Sept. 29
(Bloomberg) -- "The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression..." (cont'd)
And even more remarkably, this 'little' gift to the NY/Wall St. banksters, of $630 billion American consumer, saver, worker, retiree, pensioner, & health-care consumer obligated dollars
(newly created "money" today, that would now be competing with those Americans' paychecks & savings to purchase limited, finite amounts of consumer goods, assets, and resources tomorrow)
came the SAME WEEK that Bush's insanely corrupt former Goddamn-Sachs CHAIRMAN of a Treasury Secretary, Hank Paulson, begged, bribed, & extorted his infamous $700 billion 'TARP' bailout from incredibly vain, corrupt, & incompetent Democrat party leader (and then Speaker of the House) Nancy Pelosi....!
double bonus: Are the goons at CNBC trying to make a stab at honesty?
Or is it that they just want to be prepared with a "don't say we didn't warn you"... for the day when tens of millions of Americans wake up to find that they are penniless, their wealth and savings stored in Fed Reserve and Mary Schapiro SEC 'overseen' banks VANISHED, their stocks, bonds, and savings WORTHLESS...?
Dow Will Drop 20 Percent - Fitzpatrick
A confluence of factors suggests the Dow Jones Industrial Average is heading for a 20 percent decline this year, Citi FX Technicals Global Head Tom Fitzpatrick says. (2:13)